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Housing (31 - 40 of 1,247 items)
Department of Housing and Urban Development: Violation of Anti-Lobbying Provision and the Antideficiency Act
GAO-15-360T: Published: Feb 4, 2015. Publicly Released: Feb 4, 2015.
This testimony discusses our September 9, 2014, opinion concerning the Department of Housing and Urban Development’s (HUD) use of appropriations to prepare and transmit an e‑mail encouraging members of the public to contact specific senators regarding pending legislation.In the opinion, we determined that HUD violated an appropriations provision prohibiting the use of appropriated funds for i...
Troubled Asset Relief Program: Treasury Continues to Wind down Most Programs, but Housing Programs Remain Active
GAO-15-197: Published: Jan 6, 2015. Publicly Released: Jan 6, 2015.
The Department of the Treasury (Treasury) continues to wind down Troubled Asset Relief Program (TARP) nonhousing programs that were designed to support financial and automotive markets (see figure). As of September 30, 2014, Treasury had exited four of the nine nonhousing programs that were once active, and was managing assets totaling $2.9 billion under those remaining. Some programs have yielded...
Grants Management: Programs at HHS and HUD Collect Administrative Cost Information but Differences in Cost Caps and Definitions Create Challenges
GAO-15-118: Published: Dec 12, 2014. Publicly Released: Dec 12, 2014.
All six of the grant programs GAO reviewed had mechanisms in place to capture the administrative costs charged to their grant programs, either via a computerized system or paper reporting. All the programs reported that they reviewed their grantees' costs for appropriateness. Two of the programs make administrative cost data available online. The programs GAO reviewed track administrative costs in...
Financial Audit: Federal Housing Finance Agency's Fiscal Years 2014 and 2013 Financial Statements
GAO-15-147R: Published: Nov 17, 2014. Publicly Released: Nov 17, 2014.
GAO found (1) the Federal Housing Finance Agency’s (FHFA) financial statements as of and for the fiscal years ended September 30, 2014, and 2013, are presented fairly, in all material respects, in accordance with U.S. generally accepted accounting principles; (2) FHFA maintained, in all material respects, effective internal control over financial reporting as of September 30, 2014; and (3) no re...
Federal Real Property: More Useful Information to Providers Could Improve the Homeless Assistance Program
GAO-14-739: Published: Sep 30, 2014. Publicly Released: Oct 30, 2014.
Since inception in 1987, the nationwide Title V homeless-assistance program has transferred 122 properties from federal agencies to homeless assistance providers. Of these properties, 81 are currently being used to provide a range of homeless assistance services nationwide. Such services include transitional housing, referral services, and emergency shelter. However, few of the properties that the...
Housing Finance System: A Framework for Assessing Potential Changes
GAO-15-131: Published: Oct 7, 2014. Publicly Released: Oct 7, 2014.
Developments in the single-family housing finance market from 2000-2013 led to changes in the federal government's role in the housing finance system and ultimately to a significant increase in that role. For example,Before the 2007-2009 financial crisis, the market share of nonprime mortgages—loans often made to borrowers with high-risk characteristics and funded by mortgage backed securities (...
Manufactured Housing: Efforts Needed to Enhance Program Effectiveness and Ensure Funding Stability
GAO-14-410: Published: Jul 2, 2014. Publicly Released: Aug 1, 2014.
HUD has established a process for updating the preemptive building standardsfor manufactured homes known as the HUD Code but has not fully met key purposes of the 2000 Manufactured Housing Improvement Act (2000 Act). Key purposes of the Act include:Establish a balanced, consensus-based process to update manufactured housing construction and safety standards. HUD has not accepted, rejected, or modi...
Foreclosure Review: Regulators Could Strengthen Oversight and Improve Transparency of the Process
GAO-14-376: Published: Apr 29, 2014. Publicly Released: Apr 29, 2014.
To negotiate the $3.9 billion cash payment amount in servicers' amended consent orders, the Office of the Comptroller of the Currency (OCC) and the Board of Governors of the Federal Reserve System (Federal Reserve) considered information from the incomplete foreclosure review, including factors such as projected costs for completing the file reviews and remediation amounts that would have been pai...
HUD Rental Assistance Demonstration: Information on Initial Conversions to Project-Based Vouchers
GAO-14-402: Published: Apr 24, 2014. Publicly Released: Apr 24, 2014.
Conversions to project-based vouchers under the Department of Housing and Urban Development's (HUD) Rental Assistance Demonstration (RAD) program will have a small effect on the percentage of total vouchers (made up of project and tenant-based) that are project-based. Residents with tenant-based vouchers can receive their assistance in any eligible privately owned rental unit, which means if they...
Defense Infrastructure: Army Has a Process to Manage Litigation Costs for the Military Housing Privatization Initiative
GAO-14-327: Published: Apr 3, 2014. Publicly Released: Apr 3, 2014.
The Army has a standard process to manage litigation costs of its Military Housing Privatization Initiative (MHPI) projects that are not accounted for in the annual budget process. Army officials indicated that there is one case between four Army MHPI projects and Pinnacle Property Management (Pinnacle) that met the dollar threshold criteria and that would have been approved through this process....